$RIVER Long
Entry Zone: 6.050 -5.780
Stop Loss: 5.550
Take Profit Targets:
∙ TP1: 6.450
∙ TP2: 6.850
∙ TP3: 7.350
• Bullish - Building higher lows with renewed buying interest:
RIVER has been forming a series of higher lows since bottoming at 1.616, demonstrating consistent accumulation despite the volatile price action. The recent bounce from support around 5.8-6.0 shows buyers are stepping in aggressively at these levels, and the 30-day performance of 60.79% indicates strong medium-term momentum remains intact.
MA(7) is currently above MA(25) and both are trending upward, suggesting the bullish structure is still in place despite recent consolidation. While the 62.25% sell ratio appears concerning, this could represent retail capitulation before another leg up. Price is coiling near the highs with decreasing volatility, which often precedes explosive moves. If RIVER can reclaim and hold above 6.1 with volume confirmation, we’ll likely see a push toward retesting the 6.5-7.0 resistance zone and potentially breaking into new highs.
Watch for volume increase on the breakout above 6.1 as confirmation signal.
Entry Zone: 6.050 -5.780
Stop Loss: 5.550
Take Profit Targets:
∙ TP1: 6.450
∙ TP2: 6.850
∙ TP3: 7.350
• Bullish - Building higher lows with renewed buying interest:
RIVER has been forming a series of higher lows since bottoming at 1.616, demonstrating consistent accumulation despite the volatile price action. The recent bounce from support around 5.8-6.0 shows buyers are stepping in aggressively at these levels, and the 30-day performance of 60.79% indicates strong medium-term momentum remains intact.
MA(7) is currently above MA(25) and both are trending upward, suggesting the bullish structure is still in place despite recent consolidation. While the 62.25% sell ratio appears concerning, this could represent retail capitulation before another leg up. Price is coiling near the highs with decreasing volatility, which often precedes explosive moves. If RIVER can reclaim and hold above 6.1 with volume confirmation, we’ll likely see a push toward retesting the 6.5-7.0 resistance zone and potentially breaking into new highs.
Watch for volume increase on the breakout above 6.1 as confirmation signal.
